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The differences between investment banking associates and investment analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an investment banking associate and an investment analyst. Additionally, an investment banking associate has an average salary of $119,967, which is higher than the $79,056 average annual salary of an investment analyst.
The top three skills for an investment banking associate include capital markets, healthcare and discounted cash flow. The most important skills for an investment analyst are portfolio management, financial statements, and strong analytical.
| Investment Banking Associate | Investment Analyst | |
| Yearly salary | $119,967 | $79,056 |
| Hourly rate | $57.68 | $38.01 |
| Growth rate | 9% | 9% |
| Number of jobs | 39,516 | 63,003 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 76% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
An investment banking associate is in charge of performing support tasks for clients, ensuring efficiency and client satisfaction. They are primarily responsible for identifying and meeting clients' needs, assisting them in reaching their financial goals. They typically determine investment opportunities for clients, putting financial histories and records into consideration. They must thoroughly discuss terms, helping clients gain a deep understanding of the subject while building positive relationships. Furthermore, an investment banking associate may perform clerical tasks such as processing documentation and payments, producing progress reports, and performing calls and correspondence.
An Investment Analyst provides research and information to help traders, fund managers and stock brokers make decisions about investments. They are hired by companies, investment trusts, stock trading and brokerage firms, and insurance providers.
Investment banking associates and investment analysts have different pay scales, as shown below.
| Investment Banking Associate | Investment Analyst | |
| Average salary | $119,967 | $79,056 |
| Salary range | Between $73,000 And $195,000 | Between $44,000 And $140,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | New York |
| Best paying company | Bloomberg | The Citadel |
| Best paying industry | Finance | Telecommunication |
There are a few differences between an investment banking associate and an investment analyst in terms of educational background:
| Investment Banking Associate | Investment Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 76% |
| Most common major | Finance | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between investment banking associates' and investment analysts' demographics:
| Investment Banking Associate | Investment Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 78.6% Female, 21.4% | Male, 70.1% Female, 29.9% |
| Race ratio | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |